Domino’s Pizza Inc. (DPZ) Stock Price Down 1.8%
Domino’s Pizza Inc. (NYSE:DPZ) shares fell 1.8% on Friday . The company traded as low as $147.15 and last traded at $147.59, with a volume of 349,667 shares. The stock had previously closed at $150.24.
A number of brokerages recently weighed in on DPZ. Zacks Investment Research raised Domino’s Pizza from a “hold” rating to a “buy” rating and set a $165.00 price objective on the stock in a report on Tuesday, July 26th. Beaufort Securities reaffirmed a “buy” rating on shares of Domino’s Pizza in a report on Sunday, July 31st. Jefferies Group reaffirmed a “hold” rating on shares of Domino’s Pizza in a report on Thursday, August 4th. TheStreet raised Domino’s Pizza from a “hold” rating to a “buy” rating in a report on Monday, July 25th. Finally, Barclays PLC upped their price objective on Domino’s Pizza from $121.00 to $132.00 and gave the stock an “equal weight” rating in a report on Thursday, July 21st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. Domino’s Pizza presently has an average rating of “Hold” and an average target price of $135.73.
The stock has a market cap of $7.16 billion and a P/E ratio of 39.93. The company has a 50-day moving average price of $144.06 and a 200-day moving average price of $131.32.
Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.04. The firm had revenue of $547.34 million for the quarter, compared to analyst estimates of $533.44 million. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 earnings per share. Analysts anticipate that Domino’s Pizza Inc. will post $4.13 earnings per share for the current year.
In other news, insider Richard E. Allison, Jr. sold 20,000 shares of Domino’s Pizza stock in a transaction on Friday, August 19th. The stock was sold at an average price of $146.92, for a total transaction of $2,938,400.00. Following the transaction, the insider now directly owns 42,080 shares in the company, valued at approximately $6,182,393.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James A. Goldman sold 3,095 shares of Domino’s Pizza stock in a transaction on Monday, July 25th. The shares were sold at an average price of $147.66, for a total value of $457,007.70. Following the transaction, the director now owns 15,167 shares in the company, valued at $2,239,559.22. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Domino’s Pizza stock. Utah Retirement Systems boosted its stake in shares of Domino’s Pizza Inc. (NYSE:DPZ) by 1.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 10,000 shares of the company’s stock after buying an additional 100 shares during the period. Utah Retirement Systems’ holdings in Domino’s Pizza were worth $1,113,000 at the end of the most recent quarter.
Domino’s Pizza, Inc is a pizza restaurant chain. The Company operates pizza stores at 12,500 locations in over 80 markets. It operates through three segments: domestic stores, international franchise and supply chain. Its Domestic Stores segment consists primarily of its franchise operations, through which it operates network of over 4,820 franchised stores located in the United States.
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